Which of the following statements are true in the context of contract of guarantee?
A. The person who gives the guarantee is called the 'surety'
B. The person in respect of whose default the guarantee is given is called the 'principal debtor'
C. The person to whom the guarantee is given is called the 'creditor'
D. All of the above
Answer: Option D
This Question Belongs to Commerce >> Legal Aspects Of Business
A. 5 years imprisonment or 5 lakh rupees penalty or both
B. Life imprisonment
C. 3 years imprisonment or 2 lakh rupees penalty or both
D. None of the above
A. Proposal
B. Promise
C. Contract
D. None of these
What aspect of a patented product is tested by PCT?
A. Priority
B. Novelty
C. Exclusivity
D. Commercial value
The Competition Act, 2002 seeks to regulate
A. Anti-competitive agreements
B. Mergers and amalgamation
C. Unfair trade practices
D. Both A and B
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